A Norampac corrugated paper plant is getting a $26.4-million expansion and equipment upgrade from Cascades Inc. (TSX: CAS), with the assistance of a loan guarantee from the Quebec government.
The building expansion will be completed this month and a new corrugator will be operational as of January.
Cascades says the investment will increase production capacity at its plant in Drummondville, Que., and reduce operating costs.
It says the Investissement Quebec loan guarantee will be for up to $6 million.
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